Lots of emotions going on in this market..lots of stop outs, lots of broken supports, but the market always somehow roars back up again to make you look stupid since you had just sold your position from a broken support. Somehow technicals don't work that well...fundamentals don't work at all...this is such a emotions driven market with huge swings...maybe this is a bottom forming?
This environment breeds bad trading habits...have been playing around GS...this emotional market makes me think that I don't need to abide by my tradition technical exiting strategies, somehow the market always rescues me..All I've been doing is taking small gains everytime...I know it is wrong by not taking losses quickly...but it just feels wrong to take losses knowing that this emotional market will somehow swing back up and it has been coming back to rescue me...very strange environment indeed.
What does that show you? lots of people are coming back to the market..providing support for the quality stocks...lesser people are taking losses because market is due for a come back (at least temporarily)...Buy low, sell high...that's what's happening now
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